According to the Zhitong Finance App, the Bank of China (03988) issued an announcement. The Bank's shareholders' meeting held on July 18, 2025 reviewed and approved the Bank's bill to issue no more than RMB 450 billion or foreign currency equivalent capital instruments. With the approval of relevant regulators, the Bank issued a total of 50 billion yuan of write-down secondary capital bonds (current bonds) on the national interbank bond market on October 16, 2026, and completed issuance on October 20, 2026.

The current bond is a 10-year fixed interest rate bond. The issuance scale is 50 billion yuan, the coupon interest rate is 1.74%, and the issuer's right of redemption is attached at the end of the 5th year.

The funds raised by the current bond will supplement the Bank's Tier 2 capital in accordance with applicable laws and regulatory approval.

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